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Bank of America downgrades 9 transport stocks, citing 'deteriorating demand'

Published Fri, Apr 8 20227:34 AM EDT

Hannah Miao @hannahmiao_

The United Parcel Service Inc. (UPS) logo is displayed on a truck parked in New York.

Michael Nagle | Bloomberg | Getty Images

Weakening demand and falling prices could hurt transportation stocks as recession fears grow, according to Bank of America.

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